FedEx still ironing costly Kinko's kinks

cheryl

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FedEx still ironing costly Kinko's kinks - The Deal

FedEx Corp. bummed out the stock market Wednesday by posting an $876 million quarterly loss. Overshadowed by the perception of the shipping giant's results as an economic indicator was more bad news about the company's FedEx Office unit, the twice-rebranded Kinko's Inc., which FedEx bought for $2.4 billion in 2004.

Not that Kinko's is a complete flop. An analyst quoted in the Dow Jones piece said the retail outlets bring in $1 billion in high-margin revenue for FedEx.
 
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